Real Estate Starting to Go Belly Up Down Under

I just got back from Australia…

A five-city tour: Sydney, Perth, Melbournrne, Adelaide, Brisbane…

I was gone for 11 days… eight on the ground.

And man! What a trip.

Never mind the endless travelling or the horrific jetlag…

This was one of my best tours yet; and a particularly unusual one because I was there earlier in the year. Usually I visit Australia – my favorite country in the world – only once a year. This year, they brought me back TWICE because of what’s going on there.

“What’s going on there?”

Glad you asked…

Australia’s real estate market is now the second most overvalued in the world, with China taking first place. But cracks are growing rapidly wider and Australians are sitting up and taking notice.

It’s something we in the U.S. should worry about as well. I explain why in my video.

Harry

Follow me on Twitter @harrydentjr